International Finance Corporation

Global Economic Prospects 2024

Publication

As the world nears near the midpoint of what should have been a transformative decade for development, the global economy is set for the weakest half-decade performance in 30 years. 

The Latest from IFC

Morocco’s Southward Investment Push a Win for Africa

Over the past two decades, a growing number of Moroccan companies have sought to strengthen their ties with the rest of the continent, leading the Kingdom's foreign direct investment into Africa to grow eightfold between 2014 and 2021.

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The Culture Is Us: Gaining Momentum Across IFC

IFC’s FY23 Diversity, Equity, and Inclusion (DEI) Annual Report highlights major strides made in FY23 towards developing tools, processes, practices, and partnerships to advance our three DEI strategic priorities: gender equality, data-driven action, and inclusive leadership.

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The Ripple Effect of Saving Water

Blue finance is creating new opporunities for the private sector in Türkiye to grow their businesses, improve their bottom line and enhance their water efficiency, working toward relieving the pressure of water scarcity in the country. 

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What We Do

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

Products and Services

We provide investment, advice, and asset management — offerings that are mutually reinforcing and can be tailored to a client’s specific needs.

Sectors and Expertise

We apply our financial resources, technical expertise, global experience, and innovative thinking to help our partners overcome financial, operational, and other challenges.

Our Impact

IFC works with clients to create the opportunities which help the private sector mobilize solutions and finance to solve development challenges.

IFC at a glance

IFC - a member of the World Bank Group - is the largest global development institution focused exclusively on the private sector in developing countries.

We leverage the power of the private sector and share expertise to transform ideas into investments for green growth, inclusive jobs and impactful projects. 

  • 62.5 Million
    People connected to the internet
  • 11.3 Million
    People supplied with power
  • $226.5 Billion
    In Trade Finance Volume
  • $516.9 Billion
    In Impact from SME Loans

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See where we work

IFC’s impact spans more than 100 nations. We empower entrepreneurs all over the world, turning bold ideas into engines of inclusive growth creating millions of jobs, uplifting lives, and transforming communities.